Credit booms tend to go hand in hand with a misallocation of resources – most notably towards the construction sector – and a slowdown in productivity growth, with long-lasting adverse effects on the real economy.
Read more...Why high levels of mortgage delinquencies in the New York City area are a symptom of still-unresolved mortgage abuses.
Read more...By Lambert Strether of Corrente. I said I had some things to do before I left London; one of them was to go see if I could take some photographs of Grenfell Tower. We don’t normally do photo essays at Naked Capitalism, but since I was on the spot, I thought it made sense. The […]
Read more...Here are some visual aids to help the Fed spot the housing bubble.
Read more...A Canadian subprime mortgage lender is on the ropes. Is the end of the real estate bubble nigh? If so, how much damage will banks take?
Read more...A trio of academics compare charter school tactics to Wall Street’s raiders.
Read more...The distress at traditional retailers has been made much worse by private equity asset stripping rendering them fragile.
Read more...Recidivist mortgage servicer Ocwen gets whacked by the officialdom yet again, showing how inadequate mortgage “reforms” under Obama were.
Read more...Canadian housing continues on its relentless rise because too many people can’t afford to have it stop.
Read more...A look at the long-term role of home price bubbles in multiple countries.
Read more...Michael Hudson gives new riffs on his regular themes: classical economics and its perversion by Hayek, rentier capitalism, debt jubilees.
Read more...Real estate is again looking like a ticking time bomb. At super low interest rates, pray tell what does the Fed do if it blows up again?
Read more...A geeky accounting change in liability reporting may have real world consequences.
Read more...Treasury is starting to get serious about money laundering in high end residential real estate.
Read more...Debunking Republican canards about Dodd Frank.
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